Mi Casa Corporation wishes to prepare a cash budget for the last quarter of 2020. Sales, are estimated as follows: Total sales Cash sales Credit sales September $390,000 $190,000 October $480,000 $240,000 November December $350,000 $600,000 $300,000 $400,000 The company's experience shows that on an average 80 percent of credit sales are collected in the month of sale, 18% of the credit sales are collected in the month following the sale, and the balance is irrecoverable Calculate the cash collections for the last quarter 51.420.200 $1,820,000 51,350,000 51.490.000 The capital investment committee of Rigma Life Co. is currently considering purchasing a new hologram machine to create fictitious voters and has the following information: Purchase price $240,000 Residual value 40,000 Desired payback period 4 years Minimum rate of return 15% Estimated data for the investment is as follows: Projected Year Net Income Cash inflow $46,000 $200,000 34,000 180,000 22,000 260.000 10,000 140,000 Total $112,000 780,000 Cash outflow $104,000 96,000 88,000 80,000 5368,000 Present value of $1 to be received Present value of an Annuity of S1 received at the end of a given number of time periods each period for a given number of time periods